Analysis of Prices on 12/2: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

Bitcoin price fell below $95,000 recently, but that didn’t stop buyers from stepping in. MicroStrategy and MARA Holdings, the top corporate holders of Bitcoin, added more to their stockpile in the past weeks. This shows confidence in Bitcoin’s future despite its rally towards $100,000.

Analysts remain positive about Bitcoin’s performance in December, historically a strong month for the cryptocurrency during halving years. Long-term investors see any dip as a buying opportunity, with expectations for momentum once Bitcoin breaks above $100,000.

As for the S&P 500 Index, it hit a new all-time high on December 2, indicating strong demand at higher levels. The US Dollar Index encountered resistance but found support at the 20-day moving average.

Looking at Bitcoin, it’s currently facing resistance at $100,000. If it can break through, it could soar to $113,331 and $125,000. On the other hand, failure to maintain support at the 20-day EMA could lead to a drop to $90,000 and $85,000, with strong defense expected at that level.

Ether is struggling to surpass $3,900, while XRP has surpassed $1.97 and could reach $3, but caution is advised due to increased volatility. Solana, BNB, Dogecoin, and Cardano are all experiencing their own movements and levels of support and resistance.

Overall, traders are watching these levels closely to determine their next moves. As always, the market remains unpredictable, but with careful analysis and caution, traders can navigate the current trends with confidence.